Just Sold – Mixed Use Property on E. International Speedway Blvd

Posted by Chris Riehm on September 12, 2018 under Commercial Real Estate Definitions, Just Sold, Uncategorized | Be the First to Comment

SVN Alliance is proud to announce the sale of 718-720 E. International Speedway Blvd. The sale closed on September 5th, 2018. The property is located on east International Speedway Blvd. west of A1A on the south side of the road and was on the market for 425 days. The seller was ADJ properties and the closing price was $770,000. Both parties were represented by  Tim C. Davis in this transaction. Since the beginning of 2018 there have been four sales along this half a mile stretch of road. This increase of activity surrounding the corridor is what many hope will start a rejuvenation to the gateway of Daytona’s Beachside.

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Just Listed – East International Speedway Retail Property for Sale

Posted by Chris Riehm on September 4, 2018 under New Listings | Be the First to Comment

SVN Alliance has just listed 710 E. International Speedway Blvd. for sale. This well positioned +/- 2400SF retail building has 39 ft of frontage on International Speedway Blvd. on the west side of A1A.  The International Speedway Blvd A1A intersection sees 40,000+ average daily trips. The building is 37 ft x 63 and has street side parking with a parking ratio of 1.23 per 1,000SF. The surrounding are has seen a tremendous amount of growth with the completion of the new Hard Rock Hotel .83 miles north on A1A and the Landshark Bar and Grill .34 miles to the south. The property is also situated .5 miles from the Daytona Beach Ocean Center and the Daytona Beach Hilton.

Price: $400,000

Contact info.

Tim Davis, CCIM

(386) 566-4917


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New Listing +/-20,000 SF Build to Suit Industrial Site

Posted by Chris Riehm on March 1, 2018 under by Tim Davis, Commercial Real Estate Definitions, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach, Uncategorized | Be the First to Comment

SVN Allianance is pleased to present an excellent industrial flex build-to-suit project along the US-1 corridor. The property is on the corner of Parque and Calle Grande, right on the border of Ormond Beach and Holly Hill. The site is +/- 1.5 acres and is fully engineered for approximately 20,000 SF. There could be some flexibility depending on parking requirements. The site plan is attached to this listing as a blank canvas for your concept.

The location is behind a Publix anchored shopping center, with multiple restaurants, retailers, banking centers nearby. This is clean, quiet, safe location for a new business with excellent access to all parts of east Volusia county and beyond.

Price $1,500,000

Tim Davis, CCIM

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Just Listed – Riverfront Mixed Use Retail/Condo Development Site

Posted by Chris Riehm on January 9, 2018 under by Tim Davis, Daytona Commercial Real Estate, Uncategorized | Be the First to Comment

SVN Alliance is pleased to present an excellent mixed-use and/or condo development site on the Intracoastal Waterway(Halifax River) in South Daytona Florida. The total site is 8.7 acres with over 600’ of river frontage, and over 1000’ on US Highway 1. This is a fully entitled project with development agreement in place, and an excellent candidate for either pure condo development, or a mixed use concept with retail and condominium components. The currently approved development agreement allows for 522 units at R-60 density, and a maximum building height of 185’

There is currently a submerged land lease in place for a dock/fishing pier, however previous site plans and approved PD agreements with the City of South Daytona did include wet slips.

This is an excellent location, just 2.5 miles to the beaches via Dunlawton Ave, 5.5 miles to the Daytona International Airport. Multiple shopping venues, .34 miles to Sunshine Mall , a Publix anchored shopping center, 6.95 miles to One Daytona, and 9.04 miles to the newly completed Tanger Outlet Mall. Further afield, the location is just a quick 90 minute drive to the Orlando attractions. By boat, the site would allow 20-25 minute transit to the Ponce Inlet for Atlantic Ocean access.


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Redevelopment and Infill conference coming to the Daytona Beach Hilton

Posted by admin on September 21, 2012 under by Tim Davis, News Releases | Be the First to Comment

The Florida Redevelopment Association’s (FRA) annual conference will be October 24-26 at the Hilton in Daytona Beach. Founded in 1974, the FRA is a not-for-profit organization dedicated to assisting Florida professionals and volunteers in community revitalization efforts. For more information, go to: redevelopment.net/annual-conference.

Tim Davis

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LPGA Symetra Tour Season finale comes to LPGA International

Posted by admin on September 20, 2012 under by Tim Davis, News Releases | Be the First to Comment

The season-ending tournament of the LPGA’s Symetra Tour will be played in Daytona Beach September 28-30, the first time the event will be played here. The Daytona Beach Invitational presented by Embry-Riddle Aeronautical University brings the future stars of women’s golf to LPGA International and includes several family-friendly events throughout the week of the tournament. For more information, go to: newsdaytonabeach.com/articles/community/daytona-beach-invitational-sept.-28-30.html.

Tim Davis

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Commercial Real Estate Recovery. Here is the Evidence.

Posted by admin on September 17, 2012 under by Tim Davis, Good Info - Read It | Be the First to Comment

More great news about the gains we have seen in the last few months – I’ve been reporting increases in sales volume in my market for several months, and this report from CoStar is saying that year over year gains nationally are up. We have just recently seen an increase in buyer velocity – that is the number of buyers coming into the market looking to purchase real estate to replace the space they are currently leasing for their business. Right now for my business, I have more clients primed and ready to purchase, than buildings that are available on the market. I have had to canvas the county/cities and contact property owners asking them when they would have space available to purchase or lease in their buildings. A great example right now in the Daytona Beach area market is free-standing flex warehouse space – I have at least 5 parties looking to purchase 5-7,000 SF warehouse buildgns with a reasonable amount of road visibility.

Read the below and be inspired:

Tim Davis

Commercial real estate prices posted major year-over-year gains across the board in July, rebounding from a somewhat moribund showing a month earlier, reflecting the steady improvement in market fundamentals for most property types. The two broadest measures of property pricing within this month’s CoStar Commercial Repeat Sale Indices (CCRSI) report showed substantial gains in July for both the highest-priced properties at the top end of the investment market and accelerating improvement in smaller, less expensive general CRE properties. The report appears to represent a return to form of sorts for the commercial property recovery following a softening sales picture in June reflecting diminished investor demand across most property types in line with slowing global economic growth. CoStar’s Value-Weighted Composite Index for July found that U.S. commercial real estate prices surged by a strong 11.3% in the month ending July 31 over the same month one year ago as growth in pricing of higher-priced investment-grade properties continued to lead the real estate recovery. The index has now increased 33% from its market bottom in January 2010, though it remains 18.4% below its September 2007 peak.

That said, pricing gains in the less expensive general commercial real estate sector are catching up a bit with the trophy stuff. The Equal-Weighted Composite Index, which measures pricing in the broader market dominated by smaller and lower-end properties, increased by 5.9% in July compared to a year earlier, with index pricing now up 6.3% from its low ebb in March 2011. Pricing in the broader general commercial real estate market has made significant strides in recent months, with the Equal-Weighted General Commercial Index increasing by 1.6% in July and accumulated a 3.9% gain since the beginning of 2012. At the same time, pricing in the Equal-Weighted Investment Grade Index held its own, rising 2.1% in July and increasing 5.2% from a year earlier, despite the soft economy and price volatility observed in the investment-grade segment earlier in the year. This month’s CCRSI, which provides the CRE market’s first look at July property pricing, is based on 741 repeat sales in July. The more than 100,000 repeat sales tracked by CoStar Group since 1996 constitute the broadest measure of CRE repeat sale activity in the market. In another noteworthy trend coinciding with the upward price movement evident in the CCRSI, commercial property sellers appear to be finding a more accommodating market in 2012, with for-sale properties spending less time on the sales block. The average time on market for sold properties fell by almost 2% since the end of first-quarter 2012, while the gap between initial asking price and final sales price has now narrowed by more than 2.5% since the beginning of the year. Meanwhile, the number of properties withdrawn from the sales market by prospective sellers declined 11.4% in July from a year ago, another indication of improving investor sentiment. Only 16% of property transactions observed by CoStar in July were distressed, 20.6% lower than the peak level observed in March 2011.

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Has the Foreclosure Wave Broken Offshore? Or on the way?

Posted by admin on September 13, 2012 under by Tim Davis, Good Info - Read It, Uncategorized | Comments are off for this article

We have heard about the impending doom on the horizon of the MBS foreclosure wave for what seems like 5 years now. I may be only 3 years ago that I say at my desk studing the Trepp data trying to calculate when these huge collateralized debt instruments were going to crash to the ground and leave me to pick up the pieces. $5mm assets for $2mm was the general concensus on what hte market was going to look like in 2011-12. All the notes orginated in the peak – 2007 – where going to come due with no way to cover them.

It is 2012 now, and there are leaves on the ground outside my office window(yes, in Central Florida) and the Big Wave has still not come. The below story likens it to a Tsunami. Is it safe to head to the beach today, or is the Wave still off the horizon?

Tim Davis


The time has come to pull down the sand bags and stow away the life boats.  It’s now pretty clear that the long anticipated tsunami of foreclosures expected  to be set loose by the Attorney Generals’  agreement signed in March ain’t gonna happen, at least the way some of us feared it would.

“We continue to see reports that there will be a wave of foreclosure sales after the election or at the start of the year. The lack of Foreclosure Starts this month puts a nail in the coffin of this theory. There will be no wave of foreclosures for at least five months,” writes Sean O’Toole of Foreclosure Rad Read more of this article »

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Fed Beige Book Shows Commercial Real Estate Market Holding Strong

Posted by admin on September 4, 2012 under by Tim Davis, Good Info - Read It | Be the First to Comment

Great news from the FED – residential real esate holding steady, and the commercial real estate business is “generally positive”. The commercial real estate recovery has been fueled lately by strong leasing activity in primary markets – but now we are seeing this activity manifesting in small markets as well. In my office, we are seeing many deals surface, and retailers coming to the table with growth and expansion needs.

Excerpted Section of interest:

Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, Va., San Francisco and St. Louis make up the Fed’s12 districts.

New York, Philadelphia, Minneapolis and Kansas City all reported that commercial leasing increased and vacancy rates fell.

Chicago’s report was mixed: office vacancy rates remained high, restraining demand for new office construction, but office leasing demand improved modestly and industrial construction picked up.

Atlanta reported rising apartment rents and small gains in office leasing with weakness in the retail and industrial sectors.

Boston reported that office fundamentals were flat on average, with rising rents in portions of Boston proper and muted but steady activity elsewhere in the district. Both Cleveland and Boston said nonresidential construction had picked up while office and industrial real estate markets remained healthy in Dallas.

The St. Louis report noted an increase in commercial construction across much of the district and varied reports on leasing across areas within the district.

In San Francisco, demand for commercial property was stable while commercial construction was limited.

Richmond reported a decline in office leasing volume in Washington, D.C., but some portions of the district recorded increasing sales and construction.

Full Beige Book Report HERE

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Quality Hotel Properties are Still in Demand

Posted by admin on August 30, 2012 under by Tim Davis, Good Info - Read It | Be the First to Comment

In the last couple of years, my team and I have sold a dozen or so Oceanfront hotel/condo sites in the Daytona Beach market. This has made way for the natural progression to brokering some hotel and multi-family properties and projects. What I find so compelling is that these properties are trading at breakneck speed. Just  few weeks ago we had a condo devlopment under contract in less than 14 days from list, at 95% of list price. I represent a buyer on a premium hotel property in south Florida, after 4-5 days of research, the property was already under contract, with a backup contract in place. This property was never even officially on the market.

Today, I read this article on CoStar, and it seems to substantiate what we are seeing in Florida:

By Randyl Drummer

After trading at a blistering pace last year, high-dollar hotel investment sales cooled off considerably in the first half of 2012. However, early third-quarter transaction activity suggests that lodging sales should finish the year on a strong note, according to CoStar sales data and comments from leading hospitality CEOs. 

Total volume of sold hotel transactions valued at $25 million and above was $2.5 billion in the first six months of 2012 — well below the strong $6.4 billion recorded in the first half of 2011, according to preliminary sales transactions analyzed by CoStar. Thanks to a handful of hotels that sold for top dollar, sales volume has already surpassed second-quarter 2012 and about equaled first-quarter figures just a month into the third quarter. The average price per key remained strong at around $233,500 at midyear. 

The uptick in sales in recent weeks come as the U.S. hotel industry heads into the Labor Day weekend, traditionally one of the Read more of this article »

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